Screen INFOmatch Enlists AFO to Provide South Africa Support for its Managed Services to Its Growing Client Base.
JOHANNESBURG, June 1, 2017 – Global market data inventory management and usage monitoring platform vendor Screen INFOmatch has partnered with South Africa-based startup financial technology provider Africa Fintech Solution (AFO) to help grow its managed services capabilities and support clients in the region.
Screen INFOmatch chief executive Peter Fruitema says South Africa has proved “very successful” for Screen. “We have most of the banks and asset managers there as clients. We would like to be in the position where we can offer more services locally, and one of the things we want to do is to have someone there who can offer a managed service locally to not only existing customers but also to smaller clients who may not be large enough to buy a system like INFOmatch, but could do with a fully outsourced solution.”
Fruitema says managed services are becoming more appealing to banks, asset managers and trading firms, adding that Screen already has managed service clients in Asia, the UK and US. “The reasons are simple: continuity and cost efficiencies,” he says. “Clients realize that managing data inventory doesn’t have to be a core part of their business, and can be outsourced. Inventory management is, however, increasingly important for organizations. There are so many market data managers who want to have cost information and see what they can do to reduce that cost—or at least control it—and make sure that they stay compliant.”
AFO was founded in January by Kelvin Thomson, an IT manager at ICAP, who is currently in the process of leaving the interdealer broker. Thomson has also worked as consultant for Screen Consultants in the Benelux region as has experience of banking technology, market data and project management in Africa, he says.
Thomson says Screen INFOmatch is the “the only kind of market data management vendor of this type in South Africa,” but did not have a local presence to support its managed services solution. That, he says, is where AFO comes in. “We can offer an on-the-ground presence to…
Read more (article as published in Inside Market Data on June 1, 2017)
The Screen Group offers a range of specialised services and solutions for the professional financial information services industry since 1990. The labels that represent this unique suite of complementary services are Screen INFOmatch, Screen Consultants and Screen Markets.
Screen INFOmatch offers INFOmatch, a suite of market data management solutions that is used by market data business professionals around the globe. It assists our clients manage their market data costs, processes and workflows more efficiently.
Screen Consultants is the leading boutique consulting firm with a special focus on market & reference data and investment management solutions. Screen Consultants is an independent specialist with a track record of assisting financial institutions globally with managing business processes, market & reference data management challenges, selection & implementation of specialised information systems, technology and risk & regulatory compliance issues.
Screen Markets is responsible for Screen Consultants’ established events business and the name for Europe’s premier Financial Information Services events. Recognised for bringing together the user and vendor communities in major financial centers, the Screen Markets events offer a unique opportunity to be briefed on the latest developments.
For further information please contact:
Mr. Roel Mels
Tel: +31 73 6122 940